For Sale - Income-Producing Multi-Unit Property in West Plains, MO! Prime Investment Opportunity in Howell County Discover a brand-new multi-family investment property at 515 Nebraska Street, West Plains, MO! This former church has been fully converted into eight modern apartments, offering high-quality finishes, excellent location, and strong income potential. Property Features (Largest to Smallest Units): • One (1) unit - 850 sq. ft. | 2 Bed / 1 Bath | Open concept, Luxury Vinyl Flooring, Quartz Countertops, Private Deck • Five (5) units - 600 sq. ft. | 1 Bed / 1 Bath | Open concept, Luxury Vinyl Flooring, Quartz Countertops, Private Deck • One (1) unit - 450 sq. ft. | 1 Bed / 1 Bath | Open concept, Luxury Vinyl Flooring, Quartz Countertops, Private Deck • Spacious parking lot and outdoor green space • Situated on a .48-acre lot in a quiet neighborhood • Prime Location - High Rental Demand! Property Highlights: • Fully remodeled 7-unit apartment complex - turnkey and like new • Strong income producer with an estimated 9.5% cap rate • Units include one 2-bed unit ($1,200/month), four 1-bed units ($1,000/month), and one small unit ($900/month) • Seventh unit is an active Airbnb generating approximately $21,900/year at $100/night • Gross annual rental income: approximately $95,800 • Net Operating Income (NOI): approximately $76,000 • All units include appliances • Owner pays utilities and property taxes • Includes Airbnb management potential or option to convert to long-term rental • Excellent investment opportunity with low maintenance and high-demand rental units • Priced at $799,900 - potential for upside depending on rental mix Located in West Plains, Missouri, this property is just minutes from: Missouri State University - West Plains Downtown West Plains Ozarks Healthcare Restaurants, shopping, and essential amenities Turnkey Investment - Strong ROI Potential New Construction - Modern Features Fully Income-Producing or Investment Opportunity Annual Property Tax: $2,000 Annual Insurance: $2,000 Each unit has separate electric, water, and internet connections This multi-family property for sale in Howell County, Missouri, is an excellent addition to any real estate portfolio. Whether you're looking for a turnkey rental investment or an income-generating property, this one checks all the boxes!

Source: Southern Missouri MLS, MLS#: 60288890